Tencent Holdings Ltd UNS ADR (TCEHY)
Tencent News: Why Is TME Stock Plunging 15% Today?
Tencent Music Entertainment (NYSE: TME ) stock is falling on Tuesday after the online music entertainment platform company reported earnings for the second quarter of 2024. The bad news for investors in TME stock starts with its adjusted earnings per share of 65 cents.
Tencent US-Listed Stock Dives as Karaoke Unit Revenue Plummets
American depositary receipts (ADRs) of Tencent Music Entertainment Group (TME) sank Tuesday after the Chinese music streaming service posted worse-than-expected social entertainment services revenue as it dealt with government restrictions on the industry.
On Holding Reports Mixed Q2 Results, Joins Tencent Music Entertainment And Other Big Stocks Moving Lower In Tuesday Pre-Market Session
U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Tuesday.
Tencent Music Entertainment shares slump on drop in karaoke platform users
Tencent Music Entertainment Group's New York listed shares slumped in Tuesday's pre-market session as the Chinese streaming giant said a sharp drop in the number of people using its karaoke platforms had driven a slump in its second quarter revenue.
Tencent Music Entertainment beats quarterly revenue estimates
Tencent Music Entertainment topped estimates for quarterly revenue on Tuesday as its paid subscriber base grew across its music streaming platforms, sending its U.S. listed shares up 2.4% in premarket trading.
Tencent Cloud downplays AI hype when it comes to making games
When it comes to gaming, the use of ChatGPT-like generative artificial intelligence is still in an exploratory phase, according to Liang Chen, general manager of Tencent Cloud's internet industry department. Chen said that AI has long been used by gaming companies for pattern recognition and other functions, but effective use of generative AI comes with high costs.
Tencent: A Capital Return Play For 2024 And Beyond
Tencent's Q1 showed promise with continual momentum in the online ads business. Tencent's strong gross profit growth and high free cash flow margins make it potentially attractive as a capital return play. The company's low valuation, with a P/E ratio of less than 14X, presents an opportunity for investors.
China leads the patents race for generative AI, with Tencent and Baidu topping the list
Geographically, China leads with 38,210 inventions from 2014 to 2023, far outpacing the U.S. (6,276), Republic of Korea (4,155), Japan (3,409) and India (1,350). Tencent, Ping An Insurance and Baidu are among the top ten inventors, the UN report showed.
Tencent's 'Dungeon & Fighter' game dominates China's mobile download charts
Tencent Holdings Ltd's newly launched "Dungeon & Fighter" (DnF Mobile) has got off to a strong start, dominating top-grossing charts on Apple's iOS platform in China for nearly a month, industry data showed.
Tencent removes hit game ‘Dungeon & Fighter' from Huawei, Oppo, and Vivo app stores
Tencent, China's largest game developer by revenue, announced that it is removing its popular mobile game “Dungeon & Fighter” (DnF Mobile) from certain Android app stores starting Thursday.
Tencent's 'Dungeon & Fighter' game pulled from some Android app stores
Tencent is removing from Thursday its hit mobile game "Dungeon & Fighter" (DnF Mobile) from selected Android app stores as its contracts have expired, the company said.
Tencent: Diversification Mitigates Headwinds, But Geopolitical Risks Remain
Tencent Holdings maintains a leading position in the Chinese gaming, social networks, and tech sectors, with the majority of revenue now generated by non-VAS segments. Domestic gaming offers upside potential if regulatory pressures are eased to meet submerged demand. Strong balance sheet, cash flows, buybacks, and diversifying businesses show good prospects, but geopolitical jitters pose downside risks.
